Japan will boost the foreign exchange (FX) intervention fund by $195 billion, Reuters reports. In the 2011-2012 state budget, the government has set a limit of $1.95 trillion for currency intervention in the FX special account. The proposed increase will raise the amount to $2.15 trillion. With $1.55 trillion already utilized, $599.99 billion are left for currency intervention. The Ministry of Finance will make the required adjustments to the budget’s general rules for the current fiscal year to March. A rule requiring FX traders to report on trading volumes will also be extended until December.
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